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East West Bancorp is the parent company of East West Bank. It is a publicly owned company with nearly $70 billion in assets as of December 31st 2023.[1] The company's wholly owned subsidiary, East West Bank, is the largest state-chartered bank in California as of 2023.[2] East West earned the top spot in S&P Global Market Intelligence's 2022 Ranking of U.S. Public Banks by Financial Performance.[3]
| Company type | Public |
|---|---|
| Nasdaq: EWBC S&P 400 Component | |
| Founded | August 26, 1998 |
| Subsidiaries | East West Bank |
| Website | eastwestbank |
Operations edit
East West has more than 120 locations in the United States and Asia.[4] It provides both retail and commercial banking.[5]
History edit
In 1973, the East West Federal Bank (now East West Bank) was founded by F. Chow Chan, Betty Tom Chu, Richard K. Quan, Gilbert L. Leong, Philip Chow, John A Nuccio, Christopher L. Pocino, and John M. Lee.[6] Its focus was to serve the Chinese American community in southern California.
On May 28, 1999, East West Bancorp completed a $13.5 million acquisition of First Central Bank, N. A. in an all-cash transaction.[7]
Management edit
In 1992, Dominic Ng was named the Chairman, CEO and President.[8] He replaced Kellogg Chan, who retired.[6] In January 2010, Irene H. Oh was promoted to EVP and CFO. She replaced Thomas J. Tolda, who resigned.[9] Gregory L. Guyett was appointed as the President and COO in October 2016.[10]
References edit
- ^ Reosti, John (January 24, 2024). "East West Bancorp reports post-crisis gain in account holders". American Banker. Retrieved March 22, 2024.
{{cite web}}: CS1 maint: url-status (link) - ^ "'Everybody Else Left or They Died:' California Bank Grows Simply by Surviving". Bloomberg.com. 2023-08-23. Retrieved 2023-08-24 – via www.bloomberg.com.
- ^ Clark, Robert (March 14, 2023). "East West Bancorp leads US public banks in 2022 financial performance ranking". American Banker.
{{cite web}}: CS1 maint: url-status (link) - ^ "'Everybody Else Left or They Died:' California Bank Grows Simply by Surviving". Bloomberg.com. 2023-08-23. Retrieved 2024-03-29.
- ^ "East West Bancorp, Inc. (EWBC)". finance.yahoo.com. Retrieved May 26, 2017.
- ^ a b "Chinese History Society of Southern California - East West Bank 2007 Honorees". chssc.org. Archived from the original on January 7, 2018. Retrieved May 26, 2017.
- ^ "East West Bancorp Completes Acquisition of First Central Bank". Archived from the original on 2017-12-01. Retrieved 2013-10-21.
- ^ "East West Bancorp Officers & Directors". eastwestbank.com. Archived from the original on December 2, 2016. Retrieved May 26, 2017.
- ^ "East West Bancorp, Inc. Appoints Irene H. Oh Executive Vice President and Chief Financial Officer". eastwestbank.com. Archived from the original on July 5, 2011. Retrieved May 26, 2017.
- ^ "East West Bancorp, Inc. Appoints Gregory L. Guyett as President and Chief Operating Officer". businesswire.com. 5 October 2016. Retrieved May 26, 2017.
External links edit
- Official website
- Business data for East West Bancorp: